Bitmine says crypto and cash holdings total $10.7 billion
March 30, 2026 9:52 AM
IH Market News
Bitmine Immersion Technologies Inc. (AMEX:BMNR) reported that its combined cryptocurrency and cash holdings reached $10.7 billion as of March 29, 2026. The company disclosed that it currently holds 4.732 million Ethereum (ETH) tokens, valued at about $2,005 per token, representing roughly 3.92% of the total ETH supply.
The company said its assets include 3.142 million staked ETH valued at approximately $6.3 billion, along with 197 Bitcoin. Bitmine also reported holding $961 million in cash, a $200 million investment in Beast Industries, and $102 million in Eightco Holdings (ORBS). Over the past week, the firm acquired an additional 71,179 ETH, surpassing its previous weekly purchase pace of about 45,000 to 50,000 tokens.
Bitmine launched its MAVAN (Made in America Validator Network) staking platform on March 25, 2026. According to the company, the platform is generating annualized staking revenue of about $177 million, with a seven-day yield of 2.80%. Chairman Thomas Lee said that at full scale, ETH staking rewards could potentially reach $266 million annually.
The company also noted that it currently ranks as the 100th most actively traded stock in the United States, with an average daily trading volume of $920 million over a five-day period as of March 27, 2026. Among 5,704 U.S.-listed stocks, Bitmine’s trading activity places it between Freeport McMoRan and Delta Airlines.
Lee said recent cryptocurrency performance has been influenced by geopolitical developments, noting that ETH outperformed equities by 1,160 basis points during the fifth week of the Iran conflict. He added that cryptocurrencies have shown value as a “war time” store of value compared to gold, which underperformed by more than 750 basis points during the same period.
Bitmine operates primarily as a Bitcoin mining company with facilities in the United States. It also maintains what it describes as the world’s largest Ethereum treasury, second only to MicroStrategy Inc. (MSTR) in overall cryptocurrency holdings.
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Original: Bitmine says crypto and cash holdings total $10.7 billion
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